Bunge Global SA’s recently made public that its Co-President, Agribusiness Dimopoulos Christos unloaded Company’s shares for reported $2.07 million on May 22 ’24. In the deal valued at $103.26 per share,20,000 shares were sold. As a result of this transaction, Dimopoulos Christos now holds 87,999 shares worth roughly $6.92 million.
Barclays downgraded its Bunge Global SA [BG] rating to an Equal weight from a an Overweight in a research note published on January 21, 2025; the price target was decreased to $95 from $115. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. HSBC Securities also remained covering BG and has increased its forecast on February 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup started covering the stock on February 01, 2024. It rated BG as “a Buy”.
Price Performance Review of BG
On Monday, Bunge Global SA [NYSE:BG] saw its stock jump 1.93% to $78.68. Over the last five days, the stock has lost -1.08%. Bunge Global SA shares have risen nearly 1.18% since the year began. Nevertheless, the stocks have fallen -11.70% over the past one year. While a 52-week high of $114.92 was reached on 01/13/25, a 52-week low of $75.75 was recorded on 01/08/25. SMA at 50 days reached $82.80, while 200 days put it at $96.51.
Levels Of Support And Resistance For BG Stock
The 24-hour chart illustrates a support level at 77.37, which if violated will result in even more drops to 76.06. On the upside, there is a resistance level at 79.66. A further resistance level may holdings at 80.64. The Relative Strength Index (RSI) on the 14-day chart is 44.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.04%. Stochastics %K at 35.63% indicates the stock is a holding.
How much short interest is there in Bunge Global SA?
A steep rise in short interest was recorded in Bunge Global SA stocks on 2024-12-31, growing by 2.14 million shares to a total of 4.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.54 million shares. There was a rise of 45.75%, which implies that there is a positive sentiment for the stock.
